Warning: Bitcoin Has Permanently Departed from Traditional Norms

Finally, the long-awaited day arrived, bringing sheer joy to crypto enthusiasts and disapproval from skeptics. Following Wednesday’s market close, the US Securities and Exchange Commission granted approval for the first time to exchange-traded funds directly investing in Bitcoin. Major industry players such as BlackRock Inc., Invesco Ltd., and Fidelity Investments, along with smaller competitors like Valkyrie, have received the green light and will commence trading on Thursday. The participation of these significant companies ensures a substantial effort to introduce Bitcoin to a broader audience of small investors.